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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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time
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010289
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01028900.023
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1990-09-22
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NATION, Page 80American NotesTHE MAFIASeems Like Old Crimes
The Mob normally shuns publicity, but if gangsters cannot stay
out of the spotlight, it seems they have a fallback position: they
want a piece of the profitable action that others may generate from
their crimes. The FBI has learned that East Coast racketeers are
demanding a cut of the earnings from a proposed film about the life
of Meyer Lansky, the Mafia's legendary financial genius who died
in 1983.
The apparent extortion scheme suggests that the current
intrigue between the Mob and Hollywood may be every bit as spicy
as it was in Lansky's heyday. MCA, Inc., the conglomerate seeking
video rights to the movie, has suspended Eugene Giaquinto,
president of its Home Entertainment Group, following reports that
the FBI was investigating his possible ties to organized crime. For
at least a year, FBI agents have been tapping the phones of
Giaquinto and others in the industry who were heard discussing
contacts with mobsters like New York's Gambino-family boss, John
Gotti. The eavesdroppers have listened to talk about films being
made with laundered Mob money. A widening investigation is under
way.